' The petitioner, namely, Abdul Hameed, seeks post arrest bail in case F.I.R. No. 449, dated 05.12.2014, registered under Section 489F, PPC, at Police Station. Jahaian, District Khanewal.
2. The precise allegations against the petitioner, as per FIR, are that in connection with business transaction between the petitioner and the complainant, a sum of Rs. 34,94,000/- was outstanding against the petitioner, towards payment of which, he issued a cheque in favour of the complainant, but dishonoured.
3. Arguments heard. Record perused.
4. Business between the parties is admitted in the FIR. A suit filed by the petitioner for cancellation of the cheque in question and rendition of account much before registration of the FIR is still pending in the Court of competent jurisdiction. As per the document dated 15.3.2014 annexed With the petition at Page No. 25, the cheque in question was open, i.e. Without date and amount.
5. All the above-mentioned facts and circumstances, to my mind, have made the case against the petitioner as of further inquiry. The offence charged against him does not fall within the prohibitory clause of Section 497 Cr.PC. He is behind the bars and as such no more required for any further investigation in this case.
6. Resultantly, the petition in hand is accepted and the petitioner is admitted to bail subject to his furnishing bail bonds in the sum of Rs. 5,00,000/- (rupees five lac only) with one surety in the like amount to the satisfaction of the learned trial Court.